Clothing chain Francesca’s files bankruptcy to sell itself

Clothing and accessories chain Francesca’s Holdings Corp. filed for bankruptcy protection to ease a planned sale of assets to an investor as retailers face continued financial pressure during the coronavirus pandemic.

Francesca’s sought chapter 11 in the U.S. Bankruptcy Court in Wilmington, Del., on Thursday to run a sales process while tapping TerraMar Capital LLC, which invests in midsize businesses, as the lead bidder. TerraMar’s offer will be subject to higher bids and an auction if necessary, and requires court approval to close.

Stocks in this Article

CORONAVIRUS COULD PUSH US BANKRUPTCIES TO WORST LEVELS IN 10 YEARS

Francesca’s CEO Andrew Clarke said a number of other interested parties are engaged in due diligence.

Francesca’s storefront (Google Street View) 

“We are confident that we will emerge from this process as a stronger company poised to drive growth by exploring new brand avenues, expanding our e-commerce channels, and providing our customers with the latest fashion options and treasure-hunt experiences they know and love us for, ” he said.

CORONAVIRUS FORCES LANE BRYANT, ANN TAYLOR OWNER TO FILE FOR BANKRUPTCY PROTECTION, CLOSE STORES

Houston-based Francesca’s said in November that it would close roughly 140 of its boutiques–which sell apparel, jewelry, accessories and gifts–by the end of January, leaving about 560 in operation. The company said Thursday it planned to renegotiate a number of leases during the bankruptcy process, which “may include closing additional boutiques.”

Francesca’s lender Tiger Finance LLC is supplying a $25 million financing package to carry the company through chapter 11 and cover employee wages and benefits and the provision of customer orders. The company’s planned sales process would conclude by Jan 20.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

The coronavirus has been devastating for many retailers as government mandates and shoppers’ fear of contagion have reduced foot traffic at bricks-and-mortar locations. The pandemic exacerbated the challenges retailers already faced from changing consumer habits and the growing popularity of online shopping.

Retailers shut down stores for good at a record pace in the first half of 2020, while big companies like J.C. Penney Co., Neiman Marcus Group Inc. and Brooks Brothers Inc. filed for chapter 11.

CLICK HERE TO READ MORE ON FOX BUSINESS

Source Article

Read more

PSYKHE Uses AI to Recommend Luxury Clothing Brands on Cheddar

Algorithms seem to be dictating just about every facet of life these days, including what you pick out of your closet, and online-shopping platform, PSYKHE, is using a program of psychological profiling to create style recommendations.

When customers sign up, they are instructed to take the big five personality test, assessing personal preferences, which creates the profile.

“So essentially, the big five is the most robust and respected model in psychology. You end up essentially, from 1 to 100 in each of these five scales, resulting in a really specific composite score,” Anabel Maldonado, PSYKHE founder and CEO, told cheddar. 

Once a customer has completed the test, they can explore their specially curated shopping experience. Over time, the algorithm will improve at making selections that best suit your personality, Maldonado added. 

While concerns have grown over the years regarding human bias entering these kinds of algorithms, Maldonado explained that a somewhat diverse staff worked on the initial training set for the artificial intelligence and that the system’s ability to learn shopping tendencies over time can hopefully ensure that a diverse customer base is being served.

She also said that the system’s ability to track dislikes or rejected suggestions is “almost as valuable, if not more,” than understanding what a customer does like because a wider variety of options are available.

“Currently the status-quo is that you look at dwell time, and clicks, and purchase history. We don’t really feel that works as well, especially purchase history,” Maldonado noted.

PSYKHE looks to avoid repetitive suggestions or similar recommendations that have already been purchased, according to the CEO. And, while PSYKHE is just the latest venture for Maldonado, she plans to expand the brand beyond clothing, using the same artificial intelligence.

“The interesting thing is the relationships between your big five scores and your preferences, health outcomes, behavior, music preference, really a variety of things is what makes the technology so valuable,” she said.

Source Article

Read more

Khloe Kardashian’s New Good American Shoes Are as Size Inclusive as Her Clothing

We love these products, and we hope you do too. E! has affiliate relationships, so we may get a small share of the revenue from your purchases. Items are sold by the retailer, not E!.





© Provided by E!


Khloe Kardashian’s Good American clothing is known for being uber size-inclusive, so you better believe the brand’s new shoes, out today, follow suit. From heels to boots, each pair comes in sizes four to 14, as well as in extended widths. Khloe shared on Instagram that two years of love and attention have been poured into the creation of these shoes, and we say it shows.

Put your best foot forward in our favorites styles below. And hurry—these boots were made for walking, so they’re selling out quick!

Skims Has the Coziest New Mommy and Me Loungewear



a pair of shoes


© Provided by E!


Shop Now: Standout Square Toe 100



a wooden table


© Provided by E!


Shop Now: Standout Square Toe 60





© Provided by E!


Shop Now: Standout Square Toe Mule



a pair of shoes


© Provided by E!


Shop Now: Icon Bootie 110



a pair of feet on a table


© Provided by E!


Shop Now: Icon Pump 110



a close up of a chair


© Provided by E!


Shop Now: On Point Sandal



a person in a suit and tie


© Provided by E!


Shop Now: Bombshell Bootie





© Provided by E!


Shop Now: On Point Slingback



a close up of a chair


© Provided by E!


Shop Now: Show Off Pump



text


© Provided by E!


Shop Now: Show Off Sandal



a person posing for the camera


© Provided by E!


Shop Now: Statement Pump



a person posing for the camera


© Provided by E!


Shop Now: The Offline Boot

Up next, shop the Revolve fashion holiday gift guide 2020.

Want the best holiday deals and celebrity gift guides delivered straight to your inbox? Sign up for the Shop With E! newsletter!

Continue Reading

Source Article

Read more

Peggy Jennings sample clothing sale to benefit museum

Peggy Jennings Designs, an upscale women’s clothing brand that has been popular for 40 years, is bringing much of its spring and fall 2020 samples to Oklahoma City for a benefit fundraiser.

A portion of the proceeds will go to the Oklahoma Contemporary Art Museum.

The sample sale event, also featuring some one-of-a-kind pieces, will be Saturday, Sunday and Monday at Boutique One in Nichols Hills Plaza. Jennings has dressed many first ladies as well as professionals, community leaders and women who just want to wear something special.  Her couture and ready-to-wear clothes are made from the finest silks, woolens, linens, lace and embroideries. She’s a stickler for detail with buttons that are glass or shell, never plastic, and buttonholes that are hand bound.

The clothes will be up to 60 percent off retail prices. Hours are 10 a.m. to 5 p.m. Saturday, 1 to 5 p.m. Sunday and 11 a.m. to 5 p.m. Monday. Private sessions are also available. For more information, call 405-888-9822.

(function(d, s, id){ var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) { return; } js = d.createElement(s); js.id = id; js.src = "https://connect.facebook.net/en_US/all.js"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));

Source Article

Read more

Houston dressed for success as used clothing capital of the world

Nobody can fault Topper Luciani for the size of his dreams.

In a pair of warehouses on Houston’s northeast side, Luciani is building what he hopes will become the Amazon.com of thrift shopping. In one of the buildings, which are about a block apart, workers unpack massive bales of donated, used clothing, size and sort each piece, then move them to the other location, where online orders are fulfilled.

This is Goodfair, which Luciani started four years ago and has been tripling in revenues annually for past two years. Its mission is to give “pre-loved” shirts, pants, hoodies, jeans, jackets, hats and shoes new homes, and in the process reduce the natural resources required to make new threads.

“We are really targeting Gen Z, and they’re interested in sustainability,” Luciani said, adding that most of his customers are in their late teens and early-to-mid 20s.

INCOMING: Keep up with online orders with package trackers

It requires a lot of water, energy, natural and synthetic materials to make clothing, which has exploded in recent years because of so-called “Fast Fashion,” which trendy clothes are rushed to market, only to end up on the remnant rack — and then at a thrift store – a few months later. When he came upon the idea to sell used clothing online, he moved to Houston in 2015 because, it turns out, Houston is the used clothing capital of the world. There are as many as 50 export operations that buy overstock donations and unsold clothes and then ship them around the world.

Luciani got interested in the clothing business after launching a men’s shirt line called Sir Drake while he was still in college. His first foray into used clothing was called TieLand, a venture that sold used ties on eBay.

Although he wouldn’t offer revenue numbers, Luciani told Silicon Valley investor Jason Calacanis during a public session at a Houston tech event in March – and before the pandemic lockdown – that Goodfair generated $1.6 million in revenue in 2019, and was on track at that time to bring in $5 million in 2020.

Investors are taking notice. Goodfair earlier this year raised $3.6 million in venture capital, which Luciani is using to scale the business with more employees and more efficient processes.

Bundled approach

Goodfair works differently than most other online thrift stores.

Customers can’t simply buy individual items. Instead, they’re sold in bundles. For example, you can purchase two men’s denim jackets for $50; three women’s tank tops for $15 (on sale from $20); a set of three polo shirts ($9, on sale from $30), and so on. There are also themed bundles, such as the Treehugger, which comes with “2 tees, 2 flannels, 2 windbreakers, and 2 crewnecks or hoodies” for $65.

Depending on who’s talking, there are between 20 and 50 distributors of used clothing in the Houston area, and between 20 to 30 warehouses in operation. Luciani said there are six other warehouses on the same street as

Read more

Austin police officer suspended for calling protester ’gay’ based on their clothing – News – Austin American-Statesman

An Austin police officer has been temporarily suspended following an internal affairs investigation into homophobic comments he reportedly made while describing a person at a Black Lives Matter protest in May.

While on duty to respond to a large number of protesters in front of Austin police headquarters on May 30, Officer Ryan Seweryn described one of the demonstrators as “that gay dude with the short shorts in the black shirt,” according to the disciplinary memo, signed by Austin Police Department Chief Brian Manley on Nov. 25.

The protester who Seweryn described may have been pointing a laser pointer at a helicopter, the memo said, adding that Seweryn’s comments were recorded on his body-worn camera. The internal affairs investigation was spurred by a complaint made by a commander at the department on Nov. 13, according to the memo.

When asked to explain his comments during the investigation, Seweryn claimed that he was not describing the sexual orientation of the protester, but rather their style of clothing, according to the memo.

In the conclusion of the memo, Manley wrote that Seweryn did not take responsibility for his conduct and tried to justify his description of the protester.

“While he acknowledged that his conduct is inconsistent with APD training and expectations, he did not accept that there was anything wrong with the assumptions, description, and stereotype he made,” the memo stated.

Seweryn was suspended for ten days — from Nov. 26 to Dec. 5 — for violating the department’s rules related to impartial attitude and courtesy, the memo said. He will also have to go through additional training, according to the memo.

Seweryn served a separate ten-day suspension earlier this year for posting an old booking photo of a fellow Austin police officer, according to disciplinary documents.

Source Article

Read more

3rd restaurant opens in Mount Pleasant center this year; Charleston clothing shop to open | Business

A Florida-based restaurant chain now offers two locations in the Charleston area and is the third new dining venue to set up shop in a Mount Pleasant shopping center this year. 

Maple Street Biscuit Co. opened Tuesday at 996 Queensborough Blvd. in the Publix-anchored Queensborough Shopping Center near U.S. Highway 17 and Anna Knapp Boulevard. It follows Paisano’s Pizza Grill, which opened earlier this year, and Groucho’s Deli, which opened in the fall.

Maple Street’s specialties include freshly made biscuits, never-frozen chicken and newly ground beans every day for fresh coffee. Full-plate offerings are on the menu as well.

Owned by Sandy Powers, it’s open 7 a.m.-2 p.m. each day. Richard Starling will oversee the new location.



Record holiday spending projected from more disposable income due to pandemic

Maple Street previously opened is at 1739 Maybank Highway in the Harris Teeter-anchored James Island Center.

Jacksonville-based Maple Street has 41 restaurants in seven Southern states, including two Upstate locations in Simpsonville and Greenville.



Portal on St. Philip St.

Tina Heath-Schuttenberg will open a new vintage clothing shop called Portal at 189 St. Philip St. on the Charleston peninsula on Dec. 10. Warren L. Wise/Staff


Vintage threads

A new vintage women’s apparel shop is opening in downtown Charleston.

Portal will offer pre-owned threads in a 1,023-square-foot shop at 189 St. Philip St. 11 a.m.-7 p.m. Wednesday through Saturday and noon-5 p.m. Sunday. It’s scheduled to open Dec. 10.

Tina Heath-Schuttenberg, co-owner of James Island restaurants Kwei Fei and Micho, said she has been walking past the site for the past five years and dreaming of opening her own clothing store.

“I come from a retail background with my history spent as a buyer and merchandiser for a quirky mix of high/low brands (such as) Buffalo Exchange, Zac Posen, The Plaza Hotel and Dean & Deluca,” she said.



Eyewear shops, handbag vendor, rebranded grocer offer new retail venues in Charleston area

During the past few years, she and her husband and business partner David Schuttenberg worked to create the two restaurants at Charleston Pour House on Maybank Highway, which she said kept her busy.

“The stars finally aligned, and I’m making the move back to my first love of retail,” Heath-Schuttenberg said.

Portal, she said, will be a buy-sell-trade-rental concept for vintage threads. She also plans to include contemporary brands. With an all-inclusive size range, she says clothing styles from edgy to demure will come in “an odd mix” that will be offered at an “affordable luxury price point.”

The shop also plans to offer curbside pick-up service and appointments for those who might need a safer shopping experience during the pandemic. All selling and trading will be done by appointment.



SAS Shoes

SAS Shoes recently reopened on Sam Rittenberg Blvd. in West Ashley. It closed earlier this year when the former owners retired. Warren L. Wise/Staff


Stepping back in

A shoe store that closed earlier this year in West Ashley is now open again.

SAS Shoes can be found at 1755 Sam Rittenberg Blvd., at the same address it occupied previously.

We’re starting a weekly newsletter about the
Read more

Olivia, Sophia and Aurora Culpo’s Macy’s Clothing Line Drop 2 Is Here!

We love these products, and we hope you do too. E! has affiliate relationships, so we may get a small share of the revenue from your purchases. Items are sold by the retailer, not E!.



a group of people sitting at a table with a cake: Olivia Culpo Line


© Provided by E!
Olivia Culpo Line

If you were as excited about the Culpo sisters’ clothing line launching at Macy’s as we were, then you won’t want to miss this: New arrivals are now live. We caught up with Olivia, Sophia and Aurora Culpo to chat about some of their favorite pieces from this new drop, as well as the inspiration behind their designs.

Drop two is definitely different from drop one, which saw a lot loungewear. This drop we are seeing more glam and sequins! What was the inspiration?

Olivia: This drop is geared a little more toward the holidays. Even though we’ll be staying safe at home this holiday season, it’s still fun to dress up a little in sequins for the season. We still have some cozy sets to keep you comfortable while at home. We also added some matching non-surgical masks for a few of the items that we are really excited for people to style themselves.

How would you describe the vibe of this drop?

Olivia: This drop is one step up from our last drop. We experimented a bit with some patterns and prints and incorporated some sequin and rhinestone sets. We also wanted to continue with the theme of versatility on all of the pieces, similar to the last drop. For example, we have sweatpants that zip off into shorts which is really fun. One of our favorite pieces is a knit blazer, so it’s basically like you are dressed up in a blazer, while actually wearing a sweatshirt—perfect for working from home!

Olivia Culpo’s New INC Fashion Line at Macy’s Is a Family Affair



a person standing in front of a building


© Provided by E!


Shop Now: T-Shirt Dress



a man wearing a suit and tie


© Provided by E!


Shop Now: Maxi Hoodie



a person posing for the camera


© Provided by E!


Shop Now: Wrap Dress

Up next, Glossier’s limited edition 2020 holiday collection is here!

Want the best Cyber Week deals and holiday gift guides delivered straight to your inbox? Sign up for the Shop With E! newsletter!

Continue Reading

Source Article

Read more

Olivia Culpo’s Macy’s Clothing Line Drop 2 Is Here!

We love these products, and we hope you do too. E! has affiliate relationships, so we may get a small share of the revenue from your purchases. Items are sold by the retailer, not E!.

If you were as excited about the Culpo sisters’ clothing line launching at Macy’s as we were, then you won’t want to miss this: New arrivals are now live. We caught up with OliviaSophia and Aurora Culpo to chat about some of their favorite pieces from this new drop, as well as the inspiration behind their designs. 

Drop two is definitely different from drop one, which saw a lot loungewear. This drop we are seeing more glam and sequins! What was the inspiration? 

Olivia: This drop is geared a little more toward the holidays. Even though we’ll be staying safe at home this holiday season, it’s still fun to dress up a little in sequins for the season. We still have some cozy sets to keep you comfortable while at home. We also added some matching non-surgical masks for a few of the items that we are really excited for people to style themselves. 

How would you describe the vibe of this drop? 

Olivia: This drop is one step up from our last drop. We experimented a bit with some patterns and prints and incorporated some sequin and rhinestone sets. We also wanted to continue with the theme of versatility on all of the pieces, similar to the last drop. For example, we have sweatpants that zip off into shorts which is really fun. One of our favorite pieces is a knit blazer, so it’s basically like you are dressed up in a blazer, while actually wearing a sweatshirt—perfect for working from home! 

Source Article

Read more

The Best Ski, Snowboard And Winter Sports Clothing

The coronavirus pandemic and COVID-19 may adversely impact alpine ski resorts and skiing travel this winter, but the same crisis is widely expected to fuel big increases in Nordic skiing (cross-country), alpine touring (aka uphill skiing, AT or skinning), split-boarding and snowshoeing. In the past week, the New York Times alone did three stories on this dramatic growth, covering the alpine touring boom, citing increased snowshoeing, and once again noting alpine touring’s newfound pandemic popularity. The Snowsports Industries America (SIA), winter sports’ trade group, projected increases of 48-65% across snowshoeing and backcountry, uphill, and cross-country skiing. So, whatever your reason for getting out on the snow this winter, you’ll want to stay as warm, dry, safe and comfy as possible.

I have been covering ski and winter gear for two-plus decades, and personally put a lot of it to the test each year, in bounds, out of bounds, and around the world, in terrible weather and bluebird days, from sea level to high elevation. I can say with experience and certainty that the materials, designs and features for high-tech snowsports outerwear are the best they have ever been, and a handful of top specialty manufacturers are harnessing these advances to roll out an incredible crop of feature laden, cutting edge, cold weather apparel.

Mountaineering and skiing were both sports invented in Europe, and not surprisingly, European gear companies have been the leaders in pushing the innovations envelope since the 19th century and continue to do so today. What’s “new,” at least to us, is that some of these brands were once unknown and almost impossible to find here, but have ridden the wave of globalization into better ski shops, their own boutiques, and of course, through e-tail. So, while you will find few of the widely recognizable American and Canadian brand names below, you will find names that are synonymous with alpinism and have long venerable histories of world class products. At the opposite end of the gear spectrum are a handful of niche newcomers who typically arrived on the scene after detecting some failing or missed opportunities in the outdoor pursuits their founders were passionate about, and have stepped up to fill the gap. So while I saw little of interest that was new this year from the biggest, most ubiquitous outdoor gear brands, I found plenty of impressive innovations here and abroad that can help you more thoroughly – and safely – enjoy everything this unpredictable winter throws your way.

It’s worth noting that you do not have spend a fortune to equip yourself for winter, and there are plenty of worthy bargain and value products out there, many of which

Read more